What does CAGE stand for in related classifications?

Study for the OPTAR Fund Codes (OFC) / Navy Fund Codes Test. Prepare with flashcards and multiple choice questions, complete with hints and explanations. Get ready to succeed!

CAGE stands for Commercial and Government Entity. This designation is used to identify a specific entity that participates in government contracting. A CAGE code is assigned by the Defense Logistics Agency (DLA) and serves multiple purposes, including unique identification of businesses, facilitating the procurement process, and ensuring that entities can comply with government regulations. This code is crucial for companies that want to do business with the federal government, as it streamlines various necessary procedures in contracting and logistics.

The other choices do not represent the correct terminology associated with government entities. They either mislabel the nature of the entity with incorrect classifications or mix terminologies that do not accurately reflect what CAGE codes signify. Understanding CAGE is vital for navigating government contracting successfully.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy